As of 2017, Petersen is the owner and CEO of a photo and video consulting firm called Stonegait LLC and is the founder of The Libertarian Republic and Liberty Viral - both libertarian news and commentary websites.

Petersen was banned from Facebook during his senate campaign for giving away an AR-15 as a promotion and criticizing his Democratic opponent Claire McCaskill's positions on gun rights. The ban was lifted after Fox News and the New York Post reported that Facebook's COO Sheryl Sandberg had made max donations to McCaskill's campaign. The raffle drew renewed controversy in February of 2018 when the school shooting in Parkland, Florida caused the Springfield News-Leader to investigate. KMOV of St. Louis scrutinized Petersen over his 2nd Amendment views in light of the shooting.

On social media and in interviews, Petersen has described himself as an agnostic and an atheist.[40][41][42] He grew up as a Christian, though in a 2016 interview with Glenn Beck, Petersen spoke about how the death of his mother changed his religious views: "When I was a young man my mother died, and she was victimized by a pharmacist who diluted her chemotherapy drugs. I lost my faith and I never went back."[43]

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